VietJet Aviation JSC (STC:VJC) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is VietJet Aviation JSC LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. VietJet Aviation JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

VietJet Aviation JSC's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.21). It may suggest that VietJet Aviation JSC is progressively becoming more dependent on debt to grow their business.

VietJet Aviation JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for VietJet Aviation JSC's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VietJet Aviation JSC LT-Debt-to-Total-Asset Chart

VietJet Aviation JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.03

0.16

0.15

0.20

VietJet Aviation JSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.20	0.20	0.20	0.21

VietJet Aviation JSC LT-Debt-to-Total-Asset Calculation

VietJet Aviation JSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	17257038.503	/	86925420.917
	=	0.20

VietJet Aviation JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	20079133.721	/	93766349.316
	=	0.21

VietJet Aviation JSC (STC:VJC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

VietJet Aviation JSC LT-Debt-to-Total-Asset Related Terms

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VietJet Aviation JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VietJet Aviation JSC (STC:VJC) » Definitions » LT-Debt-to-Total-Asset

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Address

302/3 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi, VNM

Website

http://www.vietjetair.com

VietJet Aviation JSC provides airline services. Its other services include in-flight, cargo, baggage, special and duty-free services. It also provides direct support services for air transport and air passenger transportation.

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